Shero made several tweaks to his club during the next offseason, signing defenceman Darryl Sydor, forwards Petr Sýkora and Jeff Taffe, and backup goaltender Dany Sabourin. Shero also took several steps to ensure that his nucleus of talent remained in Pittsburgh by re-signing defenceman Ryan Whitney to a six year, $24 million contract extension, and re-signing center and captain Sidney Crosby to a five year, $43.5 million extension.

On Friday, May 16, 2014 the Penguins relieved Shero of his duties after the Penguins fell to the Rangers 4-3 in the second round of the 2014 NHL Playoffs. The Penguins went into game 5 with a 3-1 series lead. This was the 5th straight year the Penguins were eliminated by a lower seeded opponent.